2012 Q2 Form 10-Q Financial Statement

#000119312512352054 Filed on August 13, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $4.676M $5.150M
YoY Change -9.2%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $190.0K $200.0K
YoY Change -5.0% -13.04%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit $1.466M $1.303M
YoY Change 12.51%
Interest Expense $650.0K $1.006M
YoY Change -35.39%
% of Operating Profit 44.34% 77.21%
Other Income/Expense, Net
YoY Change
Pretax Income $1.470M $1.300M
YoY Change 13.08% -2.99%
Income Tax $427.0K $358.0K
% Of Pretax Income 29.05% 27.54%
Net Earnings $1.035M $941.0K
YoY Change 9.99% -4.95%
Net Earnings / Revenue 22.13% 18.27%
Basic Earnings Per Share $0.37 $0.34
Diluted Earnings Per Share $0.37 $0.34
COMMON SHARES
Basic Shares Outstanding 2.785M shares 2.787M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $10.61M $10.80M
YoY Change -1.77% -3.57%
Goodwill $5.386M
YoY Change
Intangibles $2.000K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $453.8M $445.0M
YoY Change 1.97% -2.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $300.0K $500.0K
YoY Change -40.0% -28.57%
Accrued Expenses $1.500M $1.100M
YoY Change 36.36% -8.33%
Deferred Revenue
YoY Change
Short-Term Debt $9.300M $9.300M
YoY Change 0.0% 10.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.800M $1.600M
YoY Change 12.5% -15.79%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.800M $1.600M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $401.8M $395.5M
YoY Change 1.6% -3.58%
SHAREHOLDERS EQUITY
Retained Earnings $33.19M
YoY Change
Common Stock $32.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.326M
YoY Change
Treasury Stock Shares 379.4K shares
Shareholders Equity $51.87M $49.50M
YoY Change
Total Liabilities & Shareholders Equity $453.8M $445.0M
YoY Change 1.97% -2.84%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $1.035M $941.0K
YoY Change 9.99% -4.95%
Depreciation, Depletion And Amortization $190.0K $200.0K
YoY Change -5.0% -13.04%
Cash From Operating Activities $1.470M $1.800M
YoY Change -18.33% -629.41%
INVESTING ACTIVITIES
Capital Expenditures -$170.0K -$110.0K
YoY Change 54.55% 175.0%
Acquisitions
YoY Change
Other Investing Activities -$18.77M -$9.890M
YoY Change 89.79% 529.94%
Cash From Investing Activities -$18.93M -$10.00M
YoY Change 89.3% 521.12%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.96M -5.710M
YoY Change -291.94% -0.7%
NET CHANGE
Cash From Operating Activities 1.470M 1.800M
Cash From Investing Activities -18.93M -10.00M
Cash From Financing Activities 10.96M -5.710M
Net Change In Cash -6.500M -13.91M
YoY Change -53.27% 80.65%
FREE CASH FLOW
Cash From Operating Activities $1.470M $1.800M
Capital Expenditures -$170.0K -$110.0K
Free Cash Flow $1.640M $1.910M
YoY Change -14.14% -736.67%

Facts In Submission

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dei Entity Registrant Name
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dei Entity Filer Category
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dei Document Type
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dei Document Period End Date
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57000
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358000
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1471000
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0
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1000
CY2012Q2 us-gaap Interest Expense Deposits
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539000
CY2012Q2 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
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9000
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1466000
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4000
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421000
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254000
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388000
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0
CY2012Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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56000
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0
CY2012Q2 us-gaap Interest Income Expense Net
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CY2012Q2 us-gaap Interest Income Securities Tax Exempt
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230000
CY2012Q2 us-gaap Professional Fees
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159000
CY2012Q2 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
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0
CY2012Q2 us-gaap Noninterest Expense
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3360000
CY2012Q2 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
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102000
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300000
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6000
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2000
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427000
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642000
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650000
CY2012Q2 fcap Interest Income Federal Funds Sold Repurchase Agreements And Interest Earning Cash Accounts
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18000

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